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Private equity-backed absence management company FirstCare has appointed Richard Burrell, one of the health sector’s leading investors, as non-executive chairman.
Following a career in investment banking and property fund management, Burrell founded Assura, a listed provider of primary care buildings and services.
Earlier this year, Burrell led the disposal of a 75 per cent interest in Assura Medical to the Virgin Group.
Burrell has also served as a non executive director of Stobart Group following its acquisition by the Westbury Property Fund in August 2007, a property fund founded and managed by Burrell.
In September 2010, Burrell formed Mathieson Capital,
Foundation Venture Capital Group has made an investment in Celvive, a start-up company working to develop technology that would treat patients with chronic spinal cord injuries with their own adult stem cells.
FVCG has made an initial investment of USD175,000 in Celvive, which can go up to USD500,000 pending completion of certain milestones.
"Although patients with SCI have sympathy and support from the medical community, very little real progress has been made to improve the long-term prognosis for these patients," says Hatem Sabaawy, founder of Celvive and an assistant professor of medicine in the division of medical oncology at UMDNJ-Robert
Golub Capital has served as sole bookrunner and administrative agent for a USD56.8m senior debt financing for Tecomet, a portfolio company of Charlesbank Capital Partners.
Tecomet is a contract manufacturing, engineering and metal fabrication technology company based in Wilmington, Massachusetts.
The company specialises in net shape forging, precision machining, photochemical etching, surface texturing, vacuum brazing, laser and electron beam welding, and rapid prototyping.
Tecomet has over 45 years of experience supplying engineered components and assemblies to the medical, aerospace/defence, and commercial/industrial markets, with special emphasis on orthopaedic, trauma, and spinal implants.
"We are pleased to be working with Charlesbank again,"
Following a management buy-out at catering chain Metzgerei Zeiss, the two executives previously responsible for sales and finance are taking over the running of the business.
They are acquiring shares in the company together with funds managed by private equity investor Aheim Capital.
A member of the Zeiss family, previously the majority shareholders, remains a shareholder.
A team from CMS Hasche Sigle led by Martin Bell and Katja Pohl advised Aheim Capital on all aspects of the transaction.
Established in Hanau in 1908, Zeiss is one of the fastest-growing providers in the German catering chain sector. With some 100 outlets
Montagu Private Equity has agreed to acquire Helly Hansen Pro in partnership with its existing management team from the Helly Hansen Group.
HH Pro is a provider of survival and personal protection suits to predominantly the offshore and shipping markets.
Going forward the company will be rebranded Hansen Protection.
HH Pro, headquartered in Moss, Norway, has 140 employees and is predominantly active in the Nordic region. It is organised in three main business segments: survival suit rental, used by personnel in their transport between land and offshore installations (oil and gas rigs), personal protection suits, used in other marine and
RJD Partners, a UK lower middle market private equity investor, has backed the buyout of family-owned Chemigraphic, an electronic manufacturing services provider in the UK.
Crawley-based Chemigraphic was founded in 1972 by Frank and Julia Graham, a husband and wife team, who held the respective roles of chief executive and finance director and are now retiring.
The buyout is being led by their sons, Paul and Neil Graham, who between them have worked in the business for over 29 years, together with a new chief executive Bob Adams. Adams has previously held senior level management positions at various electronics businesses,
Albion Ventures has made a GBP2m investment in Engensa, a domestic solar panel installer, to provide a free solar energy offer to domestic home owners in the Windsor and Maidenhead area.
The programme will see Engensa install Solar PV systems equal to 2.6kWp, 3.3kWp or 9.9kWp on approximately 200 homes in the area.
The investment from Albion Ventures will support Engensa in the installation costs of the solar panels and will benefit from any feed-in-tariffs. Home owners will pay nothing (or a limited amount if their roof is not qualifying) but have the right to use the energy generated
With effect from 1 February 2011, Porsche Deutschland is acquiring two Porsche Centres in Hamburg from the Raffay Group – Porsche-Zentrum Hamburg and Porsche-Zentrum Hamburg Nord-West.
After Stuttgart and Berlin, Hamburg is the third location where car manufacturer Porsche will be managing its dealerships itself.
Porsche was advised on all aspects of the transaction by a CMS Hasche Sigle team led by lead partner Maximilian Grub.
With the sale of these two dealerships, the Raffay Group is bowing out of the Porsche car business after 60 years. The transaction is currently awaiting approval from the competition authorities.
Esposito Private Equity Group, a Dallas-based private equity firm, says it has allocated significant capital to expanding its participation in promising ventures.
The minimum investment amount is USD500,000 and EPEG is interested in minority ownership opportunities.
The investment criteria for consideration are the following:
• A minimum of USD500,000 in annual pre-tax earnings, unless the business fits under one of EPEG’s existing units
• A strong track record of consistent earnings
• Strong returns with a clean balance sheet
• Strong and capable management team in place
• Simple business with a specific applicable product
• An offering price
Mark Esposito says: “We are committed to
Centre Partners Management, a middle market private equity firm with offices in New York and Los Angeles, has completed the sale of Gray Wireline by certain of its affiliates to a subsidiary of Seawell for USD157.5m.
Founded in 1983, Gray is a provider of cased-hole wireline services in the US.
The company’s 18 districts in key producing basins provide Gray with access to approximately 85 per cent of all onshore drilling rigs and generate a revenue stream balanced between oil and natural gas.
"We are delighted to complete the sale of Gray to Seawell and bring to a successful conclusion
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